HC Wainwright Weighs in on Franco-Nevada FY2025 Earnings

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – HC Wainwright lowered their FY2025 earnings estimates for shares of Franco-Nevada in a note issued to investors on Tuesday, March 11th. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will post earnings per share of $2.38 for the year, down from their previous estimate of $3.68. HC Wainwright has a “Buy” rating and a $165.00 price objective on the stock. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.09 per share.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday. Scotiabank boosted their price objective on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Tuesday. UBS Group raised their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.63.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock opened at $153.45 on Thursday. The firm has a market cap of $29.55 billion, a price-to-earnings ratio of -48.56, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The stock’s 50-day moving average is $136.05 and its 200-day moving average is $127.90. Franco-Nevada has a one year low of $112.70 and a one year high of $153.84.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $0.90 earnings per share.

Hedge Funds Weigh In On Franco-Nevada

Institutional investors have recently bought and sold shares of the business. Essex Financial Services Inc. boosted its stake in shares of Franco-Nevada by 2.2% during the 4th quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company’s stock worth $458,000 after acquiring an additional 84 shares during the period. Harbour Investments Inc. raised its stake in Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 93 shares during the period. Mutual Advisors LLC lifted its holdings in Franco-Nevada by 4.0% during the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company’s stock valued at $309,000 after purchasing an additional 96 shares during the last quarter. Sustainable Insight Capital Management LLC boosted its position in Franco-Nevada by 2.7% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company’s stock worth $441,000 after purchasing an additional 100 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Franco-Nevada by 7.4% in the third quarter. Huntington National Bank now owns 1,486 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.99%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s dividend payout ratio (DPR) is presently 53.15%.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.